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20121004
Search Results 0 to 7 of about 8 (some duplicates have been removed)
on it to ease its mounting losses. the u.s. economy shows more signs of slowing, and slowing down faster than expected. but silver has been red hot. where is the demand coming from and can it last? we talk with phil baker, the c.e.o. of hecla mining. that and more tonight on nbr! we begin with discouraging news about the sluggish economy. by the broadest measurement, economic growth slowed sharply in the second quarter. the gross domestic product was revised considerably lower today. growth was 1.3% in the april through june period. just a month ago, the estimate was 1.7%. add that to a big drop in purchases of big ticket items, like washing machines and furniture. in august, durable goods orders fell 13.2%, and you've got an economy that's just muddling along. but one ray of encouragement-- fewer people filed for unemployment benefits for the first time last week. claims fell by 26,000 to their july lows of 359,000 claims. on wall street, the dow jumped 72 points, the nasdaq added almost 43 points, the s&p up 13. while the u.s. continues working through problems left over by the great recess
, released about an hour ago. gdp, gross domestic products, our big picture economy grew only at an annual rate of 1.3% in the second quarter. i said before, that's stall speed. i mean it. that's very, very low rate of growth. 4% the end of last year, 2 1/2% early this year, now, 1.3, that's a nasty down trend. all right, the markets opened, we did expect an up trend, up tick in the opening bell. we've got it. 25 points higher, ultimately maybe 50 points higher within the next couple of minutes. i want to call this the iphone effect. nokia may cancel its dividend in the face of big time competition from the iphone. okay, nicole, where did nokia shares open? let's start with them. >> they're a winner today. up 2.5%, all right? up 2 1/2%. cutting the dividend is certainly not good news, but they've priced their knew lumia, more than the samsung galaxy so they're pushing a new phone now and that's where the euphoria is surrounding nokia. stuart: i've got to say i don't get that. priced the new phone higher than the galaxy and now it goes up. and blackberry, research in motion, that stock has
are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on growth. we need more in housing, all that free cash flow in the corporate sector to be put to more productive use, investing in capital and labor. there's a real need for it, carl, because the capital stock in the economy is basically depreciating. we're operating with old depleted capital. >> housing is a much smaller portion. the context of this is we need a much bigger engine for this economy this time around. >> we do. but partly most of the housing is so low because it came from a high level and then a collapse. if you look at the fed flow of funds data, you've had two record quarters of growth because of higher home prices. but we need more jobs. so housing is helping, the consumer is still holding in. we need more jobs. it's got to come from the business side. >> what gives you the confidence that europe has stabilized? of course, we look at this durable goods number, we know that's partially because of european weakness, but some would s
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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